EVIDENCE ON STUDENT-MANAGED FUNDS: A SURVEY OF U.S. UNIVERSITIES

Zhuoming Joe Peng, William P. Dukes and Ronald Bremer

Business Education and Accreditation, 2009, vol. 1, issue 1, 55-64

Abstract: An analysis of student-managed funds’ operations in 35 universities in the U.S. was conducted with the data collected through an Internet-based survey. The results indicate that CAPM is used in most SMFs as the means to estimate the required rate of return. Value Line and Wall Street Journal are the two most widely used information sources by SMFs. It is not common for a SMF to be equipped with its own trading room. The median value of the SMFs is $460,000, but the sampling distribution of the SMFs’ market capitalizations is highly right-skewed. Most of the SMFs have the same asset allocation decision. In total, about 69% of the SMFs in our sample invest at least 90% of the capital in Equity.

Keywords: Education; Finance (search for similar items in EconPapers)
JEL-codes: A29 G00 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.theibfr2.com/RePEc/ibf/beaccr/bea-v1n1-2009/BEA-V1N1-2009-5.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibf:beaccr:v:1:y:2009:i:1:p:55-64

Access Statistics for this article

Business Education and Accreditation is currently edited by Terrance Jalbert

More articles in Business Education and Accreditation from The Institute for Business and Finance Research
Bibliographic data for series maintained by Mercedes Jalbert ( this e-mail address is bad, please contact ).